0000000000-23-012717.txt : 20240315 0000000000-23-012717.hdr.sgml : 20240315 20231120163607 ACCESSION NUMBER: 0000000000-23-012717 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231120 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: TWO HARBORS INVESTMENT CORP. CENTRAL INDEX KEY: 0001465740 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 270312904 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-34506 BUSINESS ADDRESS: STREET 1: 1601 UTICA AVENUE SOUTH STREET 2: SUITE 900 CITY: ST. LOUIS PARK STATE: MN ZIP: 55416 BUSINESS PHONE: 612.453.4100 MAIL ADDRESS: STREET 1: 1601 UTICA AVENUE SOUTH STREET 2: SUITE 900 CITY: ST. LOUIS PARK STATE: MN ZIP: 55416 FORMER COMPANY: FORMER CONFORMED NAME: Two Harbors Investment Corp. 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M0,W!\K3EP!QP-A"?&><7<#AR* M M8 %/F2VY<;8,YUV"-D.4?&+V1?$KR^3_69XR6 ^'7J!"UC>^X%1I(U^+C>LX MOE2ALU[-?1T:YUNU=7[FH[OW3Z'*\-W\07IW3=SE$ET^"M?^L7G$FPS8S$#Z M TSMB7L*96YD')E9@HR.#8X (. HE)45/1@H! end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo November 20, 2023 Mary Riskey Chief Financial Officer Two Harbors Investment Corp. 1601 Utica Avenue South, Suite 900 St. Louis Park, Minnesota 55416 Re: Two Harbors Investment Corp. Form 10-K for the Fiscal Year Ended December 31, 2022 Form 8-K filed July 31, 2023 Response dated November 3, 2023 File No. 001-34506 Dear Mary Riskey: We have reviewed your November 3, 2023 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our October 20, 2023 letter. Form 8-K filed July 31, 2023 Exhibit 99.1 Reconciliation of GAAP to Non-GAAP Financial Information , page 11 1. We note your response to our comment 3 and your proposed revisions. Please address the following: We refer you to your tables 1-3 within your response. Please tell us what consideration you gave to each such table representing a non-GAAP income statement. Reference is made to Questions 102.10(b) and 102.10(c) of the Non- GAAP Financial Measures Compliance and Disclosure Interpretations. We refer you to your table 4 within your response. It appears that you intend to continue to present income excluding market-drive value changes to common stockholders within your earnings release. Please tell us what consideration you gave Mary Riskey Two Harbors Investment Corp. November 20, 2023 Page 2 to such measure being a tailored accounting principle. Reference is made to Question 100.04 of the Non-GAAP Financial Measures Compliance and Disclosure Interpretations. Please contact Babette Cooper at 202-551-3396 or Jennifer Monick at 202-551-3295 if you have questions regarding comments on the financial statements and related matters. FirstName LastNameMary Riskey Sincerely, Comapany NameTwo Harbors Investment Corp. Division of Corporation Finance November 20, 2023 Page 2 Office of Real Estate & Construction FirstName LastName